| Market Cap | $5.30B | |
| Enterprise Value | — | |
| Revenue | $2.32B | +30.7% |
| Gross Profit | $2.05B | +31.2% |
| EBITDA | -$972.5M | — |
| Net Income | -$969.4M | — |
| Diluted EPS | -$4.27 | — |
| Free Cash Flow | $146.1M | −44.6% |
| Ratio | 2023 | 2024 | 2025 | Trend · 3y | vs own | vs sector |
|---|---|---|---|---|---|---|
| ▾Margins | ||||||
| Gross Margin | 82.81% | 87.60% | 87.97% | 83% | 70% | |
| Operating Margin | −18.44% | −3.72% | −47.56% | 17% | 23% | |
| EBITDA Margin | −17.43% | −2.20% | −46.19% | 17% | 12% | |
| NOPAT Margin | −14.57% | −2.94% | −37.57% | 17% | 12% | |
| Net Margin | −15.89% | −1.51% | −46.18% | 17% | 9% | |
| FCF Margin | −13.07% | 3.55% | 1.50% | 50% | 19% | |
| OCF Margin | −12.25% | 3.83% | 2.41% | 50% | 20% | |
| Gross Profitability | — | 100.32% | 97.92% | 25% | 96% | |
| Capex Intensity | 0.82% | 0.29% | 0.91% | 83% | 33% | |
| ▸Returns on Capital · 2 ratios | ||||||
| ▸DuPont factors (ROE drivers) · 2 ratios | ||||||
| ▸Earnings quality · 1 ratios | ||||||
| ▸Liquidity & coverage · 2 ratios | ||||||
| ▸Leverage · 2 ratios | ||||||
| ▸Working capital · 5 ratios | ||||||
| ▸Capital allocation · 2 ratios | ||||||
| ▸Per share · 6 ratios | ||||||
| Line | 2023↗ | 2024↗ | 2025↗ |
|---|---|---|---|
| Revenue | $1.28B | $1.67B | $2.19B |
| YoY % | +30.9% | +30.7% | |
| Cost of Revenue | $219.7M | $207.5M | $263.0M |
| YoY % | -5.6% | +26.8% | |
| Gross Profit | $1.06B | $1.47B | $1.92B |
| YoY % | +38.4% | +31.2% | |
| R&D Expense | $259.0M | $309.6M | $934.9M |
| YoY % | +19.5% | +202.0% | |
| Selling & Marketing Expense | $443.8M | $519.8M | $635.4M |
| YoY % | +17.1% | +22.2% | |
| SG&A Expense | $154.9M | $177.2M | $512.1M |
| YoY % | +14.4% | +189.0% | |
| Total Operating Expenses | $1.29B | $1.53B | $2.96B |
| YoY % | +18.0% | +94.0% | |
| Operating Income | -$235.8M | -$62.2M | -$1.04B |
| Other Non-Operating Income | $32.8M | $39.5M | $30.9M |
| YoY % | +20.3% | -21.8% | |
| Impairment of Real Estate | $0 | $1.9M | $0 |
| YoY % | -100.0% | ||
| Pretax Income | -$203.0M | -$22.7M | -$1.01B |
| Income Tax | $234,000 | $2.6M | $831,000 |
| YoY % | +1015.4% | -68.2% | |
| Net Income | -$203.2M | -$25.3M | -$1.01B |
| EPS (Basic) | -$3.22 | -$0.39 | -$4.27 |
| EPS (Diluted) | -$3.22 | -$0.39 | -$4.27 |
| Weighted Avg Shares (Basic) | 63.1M | 64.9M | 236.3M |
| YoY % | +2.9% | +264.0% | |
| Weighted Avg Shares (Diluted) | 63.1M | 64.9M | 236.3M |
| YoY % | +2.9% | +264.0% |
The sector classification is SIC-derived, not official GICS. Statement lines are XBRL facts as filed with the company's home regulator (SEC EDGAR for US filers; ESEF/EDINET and other national regulators for foreign filers); ratios and other derived figures are computed from them. A blank cell means the tag was absent — never imputed.
